Digging through a lot going on in Sen. Chris Dodd's newly unveiled 1,136-page bank reform bill:...

|By:, SA News Editor

Digging through a lot going on in Sen. Chris Dodd's newly unveiled 1,136-page bank reform bill: It would remove the Fed's oversight of banks to a consolidated regulator (also including FDIC), and have the central bank focus on monetary policy. Swaps would have to be centrally cleared. Muni bond advisers would register. Dodd sees a vote on his bill next year, while Barney Frank wants the House to act this year.